English, asked by keshavkarnani, 3 months ago

How will the change in demand affect the
equilibrium price and equilibrium quantity?​

Answers

Answered by IIUNKNoWNBoYII
1

Answer:

An increase in demand, all other things unchanged, will cause the equilibrium price to rise; quantity supplied will increase. A decrease in demand will cause the equilibrium price to fall; quantity supplied will decrease.

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